IKEA's founder and former CEO, Ingvar Kamprad, was renowned for his extreme frugality. He bought clothes from flea markets, recycled tea bags, and got cheap haircuts. Like Warren Buffett and other ...

Today, Ikea is listed as one of the world's most valuable brands. But the story of the furniture chain had a simple start: Ingvar Kamprad founded the company in 1943 when he was just a teenager.

He used the money to found IKEA in 1943. Kamprad didn't introduce furniture until five years in; he'd started by selling small household items, like picture frames.

Ikea's founder, Ingvar Kamprad, is a billionaire. In fact, he's the second-richest man in Europe, with a reported net worth of $39.3 billion. But he doesn't spend all of his money on Louis Vuitton ...